Main Scenario: As long as EURUSD stays above 1.1836, the main trend will be upwards. Then the pair may go up to to 1.1884 price level
Target Expectation: 1.1884
Considerations Supporting The Scenario:
Risk currencies hovered above their recent lows against the dollar and the yen on Monday, as fears about slowdown in the global economic recovery appeared to have subsided for now.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.1836
Alternative Target Expectation: 1.1791